DeFi Lending Dominates, Nearly Doubling CeFi in 2024
In lending, decentralized finance (DeFi) lending platforms have overtaken decentralized finance (CeFi) platforms. By end of 2024, DeFi platforms will have at least 2x more in outstanding loans versus CeFi. In the Q4, open borrows on all DeFi protocols jumped to $19.1 billion. This remarkable number eclipsed the $11 billion...